We keep seeing it over and over again at www.InvestSmarter.com. People are being foreclosed on or just leaving and mailing the bank a set of keys. Builders are starting to really panic and people are asking..what do I do now? There are options and in the Panama City and Panama City Beach Florida areas we are giving owners a great option. Contact us today to find out more about how we can help. In the meantime here is an interesting article on what is happening in the national market:
Daily Real Estate News August 1, 2008
Home Vacancies Set Record in 2Q
The Census Bureau says the 18.6 million homes sitting unoccupied nationwide during the second quarter set a new record, attributable to the housing slump and rising foreclosure rate. Year-over-year, the number of vacant dwellings was up 6.9 percent, and 2.8 percent of these vacant homes were nonrentals. The report also shows 4 million rentals standing empty during the second quarter and a jump in vacant homes in the "other" category, including foreclosures and those empty while undergoing improvements, to 3.2 million from 3 million in 2007.Source: American Banker (07/25/08)
For more information on what is available in Panama City and Panama City Beach Florida visit our website at www.Panama-City-Beach-Florida-MLS.com for more available properties in many different categories and price ranges.
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